Cost of education increases for all Wesleyan University students in 2022-23 school year

Michael S. Roth, President, Wesleyan University - Wesleyan University
Michael S. Roth, President, Wesleyan University - Wesleyan University
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Wesleyan University reported a 3.7% tuition hike for the 2022-23 school year, based on the most recent disclosure, according to the latest disclosure from the National Center for Education Statistics.

Students enrolled at the private, four-year not-for-profit institution paid $64,322 this year, which is $2,273 higher than the $62,049 charged during the 2021-22 academic year.

Connecticut residents make up approximately 8% of the undergraduate body, while about 80% come from other U.S. states and 13% are international students.

Data indicates that 43% of full-time undergraduates who began studies at Wesleyan University in 2022-23 received some form of student financial aid. A total of 283 students were awarded grants or scholarships amounting to $18.3 million, and 106 students borrowed over $1 million in student loans.

Among all undergraduates, 1,215 students received grants or scholarships totaling $74.2 million. Additionally, 558 students took out federal student loans totaling $2.8 million.

Undergraduate education costs have seen a significant increase over the past few decades. Data shows a 169% rise in the average total cost, including tuition, fees, room, and board, between 1980 and 2020.

According to a 2023 College Board report, in-state students at public universities paid an average of $11,260, while out-of-state students paid $29,150 in the 2023-24 academic year.

Meanwhile, student loan debt has steadily increased over the last 30 years, reaching $1.75 trillion in 2024, averaging a total of $28,950 per borrower. Federal loans make up 92% of the debt, with over half of students at both public and private four-year colleges graduating with student loans.

Available data sometimes exceeds 100% due to rounding and administrative calculations.

Undergraduate Financial Aid

The following data includes only full-time students who began an undergraduate program at the Wesleyan University in the 2022-23 school year.

Type of Aid Number of students awarded aid Percent awarded aid Total amount of aid awarded Average amount of aid per student
Federal grants 112 15% $858,620 $7,666
State / local grant or scholarship 0 0% $0 $0
Institutional grants or scholarships 282 38% $17.5 million $61,883
Grant or scholarship aid total 283 38% $18.3 million $64,709
Federal student loans 98 13% $366,438 $3,739
Other student loans 18 2% $672,643 $37,369
Student loan aid 106 14% $1 million $9,803
Total student aid 318 43% $19.4 million $60,854

Information in this story was obtained from the National Center for Education Statistics. The source data can be found here.



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